https://www.taxtmi.com/highlights?id=77436 Money Laundering - Seeking quashing and setting aside of the Look Out Circular (LOC) - The Bombay High Court quashed the LOC issued by the ED against the petitioner, highlighting procedural lapses and the absence of material evidence. The court emphasized the petitioner's compliance with the investigation despite travel restrictions due to the COVID-19 pandemic. The judgment underscores the necessity for adherence to procedural guidelines in issuing LOCs and protecting individuals' rights against arbitrary detention. The court provided clear directives to ensure the petitioner's continued cooperation with the investigation while safeguarding his right to livelihood. en-us Wed, 15 May 2024 09:18:55 +0530 Wed, 15 May 2024 09:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77436 Money Laundering - Seeking quashing and setting aside of the Look Out Circular (LOC) - The Bombay High Court quashed the LOC issued by the ED against the petitioner, highlighting procedural lapses and the absence of material evidence. The court emphasized the petitioner's compliance with the investigation despite travel restrictions due to the COVID-19 pandemic. The judgment underscores the necessity for adherence to procedural guidelines in issuing LOCs and protecting individuals' rights against arbitrary detention. The court provided clear directives to ensure the petitioner's continued cooperation with the investigation while safeguarding his right to livelihood. Highlights Money Laundering Wed, 15 May 2024 09:18:55 +0530 https://www.taxtmi.com/highlights?id=77436